KFin Technologies announced its Q2 and H1 FY26 results, showcasing revenue growth and strategic advancements. Q2 revenue reached INR309 crores, a 10.3% year-on-year increase. The company finalized the acquisition of Ascent Fund Services, expanding its global footprint. KFin is focusing on technology-driven solutions and value-added services to enhance client growth and operational efficiency. The company maintains a positive outlook, aiming for continued expansion and margin improvement.
Financial Performance Highlights
KFin Technologies reported a strong performance for Q2 and H1 FY26. Key financial highlights include:
- Q2 Revenue: INR309 crores, up 10.3% year-on-year and 12.8% sequentially.
- H1 Revenue: Up 12.6% compared to last year’s first half.
- Domestic Mutual Fund business grew by 10.2% in Q2.
- Excluding GBS, core business growth was 26.1%.
- EBITDA grew by 7.2% year-on-year for Q2, with a margin of 43.9%.
- PAT margin remained strong at 30.2%.
Segment Performance
The company experienced varied growth across its business segments:
- Global Fund Solutions: Q2 growth of 14%.
- Pension business: Q2 growth of 21%.
- AIF, PMS, PWM business: Q2 growth of 28%.
- Hexagram: Q2 growth of almost 54%.
- Issuer Solutions: Q2 growth of 13.4%; H1 growth of 18%.
Strategic Acquisition of Ascent Fund Services
KFin Technologies completed the acquisition of Ascent Fund Services, headquartered in Singapore. This acquisition marks a significant milestone in KFin’s vision to become a leading global fund administrator. The integration of Ascent is expected to enhance KFin’s capabilities and expand its presence in international markets. Synergies are anticipated in top-line expansion and cost optimization through consolidation of resources and technology.
Key Strategic Initiatives
KFin Technologies continues to invest in technology-driven solutions to enhance its service offerings and client growth. Key initiatives include:
- Launch of IGNITE and IRIS platforms to empower distributors and financial intermediaries.
- Expansion of big data solutions for clients.
- Development of a multicurrency, multi-geography wealth platform.
- Focus on the Central Recordkeeping Agency (CRA) for the National Pension System (NPS), growing at 3x the industry pace and holding 10.3% of the market.
Source: BSE